TERRA NOVA EQUIPMENT LIMITED
Company number 02827783 · Monitor this company
Executive summary
Terra Nova Equipment Limited is a financially dependent entity within the Hubaco group, exhibiting chronic equity erosion with net assets declining 62% over four years to £437K, driven by cumulative losses evidenced by the P&L reserve falling £728K since 2018. While the company maintains adequate liquidity (current ratio 1.35:1) and has improved its cash position, 95% of its liabilities (£1.16M) are owed to group undertakings, revealing complete dependence on parent company support. The prognosis is stable in the short term due to group backing, but the business urgently needs to return to profitability to reverse its deteriorating financial health.
Shareholders' funds
£575,273
Balance sheet as at 2026-02-28
Overview
- Company type
- Private Limited Company
- Incorporated
- 1993-06-16
- Employees
- 3 (2026 accounts)
- Registered office
- Hubaco House Unit 2 Railway View, Clay Cross, Chesterfield, England, S45 9FR
- Postcode
- S45 9FR
- Capital
- 133,897 GBP
- Accounts category
- Total Exemption Full
- Charges
- 3 outstanding
Accounts
- Last made up to
- 2026-02-28
- Next due by
- 2027-11-30
- Financial year end
- 28 February
Confirmation statement
- Last statement dated
- 2026-06-16
- Next due by
- 2027-06-30
Nature of business (SIC)
- 13960 Manufacture of other technical and industrial textiles
- 46410 Wholesale of textiles
- 47910 Retail sale via mail order houses or via Internet
Officers 4 current · 7 resigned
Group structure
Controlled by HUBACO LTD — since 2016-04-06
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — Z5095344 (Tier 1), registered since 2000.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous company names
| Name | Date changed |
|---|---|
| WAKECO (75) LIMITED | 1994-01-11 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| SUMMIT HOUSE SALCOMBE COURT, SALCOMBE ROAD MEADOW LANE, INDUSTRIAL ESTATE ALFRETON, DERBYSHIRE, DE55 7RG | 2019-01-09 |
| ECCLESBOURNE PARK, ALFRETON, DERBYSHIRE, DE55 4RF | 2007-04-15 |
| C/O WAKE SMITH & COMPANY, 68 CLARKEHOUSE ROAD, SHEFFIELD, S10 2LJ | 1994-05-10 |
Among its peers
Top 25%
by shareholders' funds, of 49 similar companies in S — measured against the wider sector
Among the oldest 25% of its local peers, trading since 1993.
The class of 1993
49%
of the 25,071 companies incorporated in 1993 are still active today; 48% have since been dissolved.
A fact about the year, not a forecast for this company.